[ad_1]
Recent Bitcoin price rise [BTC] The price that helped it cross the $70,000 mark was facilitated by Coinbase Premium. However, this premium, which suggests increased purchasing activity, is now fading.
This was revealed by Martin In his recent post on X (formerly Twitter) he says:
“The US trading session is about to begin. Coinbase Premium has returned to neutral status, but I am closely monitoring Bitcoin to determine its future trajectory.”
This highlighted Coinbase’s premium gap, which measures the price difference between Bitcoins. [BTC] Coinbase (USD) and Binance (USDT) were back to neutral levels.
Bitcoin’s optimistic outlook
In contrast, a bullish prediction for Bitcoin by Jere, a prominent crypto analyst known for his accurate predictions, sparked discussion on many social media platforms.
When you go to X, gel I got it,
“A new low is locked in and Bitcoin is being pushed back toward the highs. Another leg has begun. It’s only a matter of time before we hit $100,000.”
MicroStrategy Chairman Michael Saylor, an eternal Bitcoin maximalist, expressed a similar opinion on a recent talk show.Madeira,” I got it,
“Bitcoin is the best asset. There is no second best asset.”
In his recent X post, sailor He also added,
“I’m still betting on Bitcoin…”
Other factors driving Bitcoin’s surge
These exchanges, combined with Bitcoin’s recent price trends, have reversed the trend of Bitcoin ETFs’ net outflows and turned them into inflows.
According to SoSoValue, the Bitcoin Spot ETF had significant net inflows of $15.7 million, marking the fifth consecutive day of net outflows. In contrast, Grayscale Bitcoin Trust (GBTC) recorded net outflows of $350 million in one day.
Additionally, the upcoming Bitcoin halving event has further fueled optimism among investors and analysts. The historical trend of past halving events suggests that the reduced supply and increased scarcity of Bitcoin will cause its price to rise significantly.
Therefore, if these predictions come true, Bitcoin could enter an unprecedented growth trajectory and reshape the financial landscape.
[ad_2]
Source link